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Feb 3, 2010
02/10
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CNBC
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bernanke. >> no. he was appointed by bush. i'm not a fan of bush. if you want to compare it, obama's worse, but neither was good. >> michael, let me ask you this. >> clinton was spectacular. >> let me ask you this question. we need capital, jobs and labour d day. do you agree? >> i do. >> why raise the tax rates on capital which is what you are doing with top end investors and workers? why not promote more capital to promote more labor? i would lower the payroll tax rate or the 28% rate and maybe the 15% income tax. in other words, isn't this a moment when we want the liquidity to stay in the private sector and all the incentives for growth we can get? >> larry, we need to bring down the deficit. you agree with that, we all agree. the long-term deficits which are not driven by a major spending growth under president obama. they are driven by long-term trends -- >> mr. obama hasn't raised spending? >> most of the new spending that happened in 2009 happened under president bush. >> did i miss the $850 billion stimulus -- >> it was -- larry, it was $80
bernanke. >> no. he was appointed by bush. i'm not a fan of bush. if you want to compare it, obama's worse, but neither was good. >> michael, let me ask you this. >> clinton was spectacular. >> let me ask you this question. we need capital, jobs and labour d day. do you agree? >> i do. >> why raise the tax rates on capital which is what you are doing with top end investors and workers? why not promote more capital to promote more labor? i would lower the...
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Feb 26, 2010
02/10
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thank you, chairman bernanke, for being here. i do share one concern that senator vitter mentioned about the deficit. gosh, i wish we would have supported senator gregg's proposal when we had a chance, i think it was still the best, perhaps last-best proposal to actually force this congress to take an up or down vote on a plan that would put us back into fiscal sanity. i'm going to come back on the question of financial regulation. .. >> one of the comments you made and we are now 18 months after the crisis and you've said you have looked at the fed within supervision of the bank holding companies stronger capital, stronger risk supervision. you know, we've had a lot of discussion over the last 18 months about size. we've talked a bit earlier, senator raise questions about the volcker rule. i share some of your concerns about how you draw those lines. chairman dodd raise the question about using some of the intimate out there in terms of derivatives. can you tell us a little bit in his last 18 months with this increased focus on
thank you, chairman bernanke, for being here. i do share one concern that senator vitter mentioned about the deficit. gosh, i wish we would have supported senator gregg's proposal when we had a chance, i think it was still the best, perhaps last-best proposal to actually force this congress to take an up or down vote on a plan that would put us back into fiscal sanity. i'm going to come back on the question of financial regulation. .. >> one of the comments you made and we are now 18...
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Feb 18, 2010
02/10
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, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want medicare. medicare is a government program. these are success stories. our health care costs are out of line in such as security has not been rising in its share of the budget and it will in the near future is baby boomers are retiring and getting benefits. in fact it actually fell a few years
, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular....
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Feb 26, 2010
02/10
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bernanke, again. as our financial markets begin to show signs of improvement, many of the fed's temporary many facilities have been allowed to expire and monetary policy has begun to normalize. and while use of the temporary lending facilities wayne expanded purchases by the fed a federal agency debt mortgage-backed securities and the longer-term treasuries of security staff kept the size other than to balance sheet unusually large. as of last week, it's my understanding that the banks had over 1.2 trillion in reserve balances and federal reserve banks. that is more than 100 times the average level of such balances in 2006. this morning i am interested in hearing, mr. chairman, plans for reducing the size of the fed's balance sheet, with run a story liquidity support from the banking system, and continuing the normalization of monetary policy. in addition, i believe, mr. chairman, you should tell us how the fed plans to use interest on reserves as a monetary policy and how you intend to use repurchase
bernanke, again. as our financial markets begin to show signs of improvement, many of the fed's temporary many facilities have been allowed to expire and monetary policy has begun to normalize. and while use of the temporary lending facilities wayne expanded purchases by the fed a federal agency debt mortgage-backed securities and the longer-term treasuries of security staff kept the size other than to balance sheet unusually large. as of last week, it's my understanding that the banks had over...
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Feb 24, 2010
02/10
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WJZ
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. >>> stocks rallied after federal reserve chairman ben bernanke told congress, record- low interest rates are still needed to help the economy. in his twice-a-year report to congress, bernanke said the economic recovery is still in the early stages and that moderate growth will only lead to a slow decline in the unemployment rate. >>> the ceo publicly apologized to the lapses that led to the recall of more than 8 million toyotas. akio toyoda admitted that the auto group grew too fast to stay on top of safety recalls. he says he is committed to regaining the trust of every consumer. >>> a report surprised economists who were expecting a rise in sales. while winter storms upon partly to blame, new home sales have fallen now for three straight months, despite low mortgage rates for some tax buyers. one in four homeowners owed more than their home was worth late last year. rising unemployment contributed to the rise of homeowners who are under water on their loans. for more money news, you can head to cbs money watch.com. in new york, i'm alexis christoforous. >>> coming up on wjz's eye
. >>> stocks rallied after federal reserve chairman ben bernanke told congress, record- low interest rates are still needed to help the economy. in his twice-a-year report to congress, bernanke said the economic recovery is still in the early stages and that moderate growth will only lead to a slow decline in the unemployment rate. >>> the ceo publicly apologized to the lapses that led to the recall of more than 8 million toyotas. akio toyoda admitted that the auto group grew...
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Feb 11, 2010
02/10
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bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our fifth symposium and they seem to get better every year, if that is indeed possible. thank you all for making this such a productive in event. all right, we will begin with our question and answer is, and because there are more of you then of view, we're going to start on this side. >> this is a question for mr. kantor. and cultural prophets redeem themselves with accurate insights? >> i am not sure that i understand the question. >> you are talking about cultural prophesied and you believe that they cannot predict accurately. bu
bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our...
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Feb 17, 2010
02/10
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bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we are on this issue. host: simon johnson is the author of an upcoming book, "13 bankers." when will this come out? guest: when wilthe end of march. i do not think this problem is going to go away anytime soon. host: wyoming, republican line. caller: i would just like to say a few things and please do not cut us off because we do not get a chance to get in as many times as the democrats and the independent line. i'm a conservative woman of color. i notice every time on c-span and i get to be disappointed. and i will get to my question. i notice a tal
bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we...
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Feb 3, 2010
02/10
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MSNBC
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. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now, founder, editor of thedailybeast.com, tina brown. >> good morning, everyone. >> great to see you. we'll get to your explosive piece about andrew young. have you quite a bit to say about john edwards' body man. we may have to bleep that. but first, maureen dowd's don't ask, don't tell op-ed. she writes in part -- tinea it was a pretty remarkable day on capitol hill. >> i thought it was pretty believing. very moving indeed. one does ask whether it will ignite a cultural war thing and distract. that's the only thing that scares me, we do need to be focused on jobs now. the timing seems strange. but having said that, it was a moving moment. it is obscene we ha
. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now,...
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Feb 10, 2010
02/10
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host: a couple other items, business section of "new york times," that ben bernanke has survived a challenge to his second term as chairman, and faces the delicate task of beginning to pull the central bank out of its extraordinary situation. guest: the economy through the fall of 2008 and through last year, in an effort to help banks and credit markets and to prevent the financial system from imploding. they did that by lower the interest rates, and now they have to pull that back. they have to pull the federal reserves investments in the economy back. and they have to do that carefully because they don't want to cause problems in doing so, which is something that could happen. it will be delicate. markets are watching when this will happen. if he doesn't do it right, you will see plunges in stock values. host: what is the update? guest: last week senate dodd announced he was at an impasse with senator shelby, and it's not a good sign. there are some republicans who said they were committed to get a bill. one thing to watch is bob corker, a new senator from tennessee, he's working with mark
host: a couple other items, business section of "new york times," that ben bernanke has survived a challenge to his second term as chairman, and faces the delicate task of beginning to pull the central bank out of its extraordinary situation. guest: the economy through the fall of 2008 and through last year, in an effort to help banks and credit markets and to prevent the financial system from imploding. they did that by lower the interest rates, and now they have to pull that back....
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Feb 11, 2010
02/10
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bernanke we forced their stearns shareholders from a position that i think was a high of $170 a share in january. we force them down to $2 a share because the american taxpayer money was in the bailout. and that was something that was supported by the fed, by treasury because we felt that because the taxpayer was bailing them out, that the shareholders of bear stearns should not be held harmless. now, you have a different situation here, slightly different. a number of weeks later, where we have aig going under, and these are credit default swaps so the money going into aig is going right out to the counterparties. this is a pass through and the folks on the other side are goldman sachs. that is the principle beneficiary of all this. and we don't negotiate in nickel, not a sense of what they are getting. you are in the same position. you are supposed to be negotiating on behalf of the american people. you were saying the regulations were different. let me tell you something we were changing the rules and regulations every single day. we were taking action under extraordinary circumsta
bernanke we forced their stearns shareholders from a position that i think was a high of $170 a share in january. we force them down to $2 a share because the american taxpayer money was in the bailout. and that was something that was supported by the fed, by treasury because we felt that because the taxpayer was bailing them out, that the shareholders of bear stearns should not be held harmless. now, you have a different situation here, slightly different. a number of weeks later, where we...
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Feb 15, 2010
02/10
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presidential historian, rice university history professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the
presidential historian, rice university history professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved,...
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Feb 24, 2010
02/10
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ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of staff, only one is hispanic. there is no hispanic legislative directives -- directors and only one hispanic staff director. hispanics only hold 12 of the roughly for a 40 chief of staff jobs and only nine legislative director slots. -- 140 chief of staff jobs and only nine legislative director slots. some say that is an outrage. the european union wants to halt all executions by 2015 as a step towards abolishing the death penalty. the prime minister did not know how the eu would persuade countries like the united states, china, and i went to change their laws. he was to set up an inte
ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of...
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Feb 5, 2010
02/10
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CNBC
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>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an expensive area, i know that. i don't know. it's over there. >> reporter: over there? >> across the way. >> say it slowly. united arab emirates. >> reporter: how much is $1,000 worth of gold worth? >> $1,000 worth of gold? $1,000. >> reporter: $1,000 worth of gold is probably worth $1,000, right? >> no, more than that. >> reporter: $1,000 of gold is worth more than $1,000 of gold? >> gold is up right now. >> reporter: what is the interest rate in the country right now, what%? >> 50. >> 38. >> 38. >> 38. >> reporter: lower. >> 28. >> reporter: lower. >> 18? 8? >> reporter: higher. >> 11. >> reporter: lower. >> 10. >> reporter: yes. >> wow. what everybo
>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an...
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Feb 4, 2010
02/10
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bernanke does testify regularly on capitol hill explaining what he is doing, and why he is affecting monetary policy the way he is. some, like milton friedman, have suggested that we could replace federal reserve with a computer that could determine these interest-rate formulas. perhaps that would be better. federal reserve policy can be subject to certain criticism. i do not hoknow how we would do this. there is disagreement on the way they have handled the recession, and that is fair. host: another tweet -- guest: $3 trillion of the deficit? over the next 10 years, if we expended all the tax cuts, for everyone, that would be about $3 trillion. the deficit is much bigger than that. the base line is $11 trillion. if you got rid of all the tax cuts, we would still have and $8 trillion deficit over the next 10 years. president obama is not talking about doing that. only for those making more than $250,000 a year. that is only 1/5 of the tax cuts. if you want to get rid of "tax cuts for the rich" it is over $16 billion from a deficit of $11 trillion. for those who believe that is good p
bernanke does testify regularly on capitol hill explaining what he is doing, and why he is affecting monetary policy the way he is. some, like milton friedman, have suggested that we could replace federal reserve with a computer that could determine these interest-rate formulas. perhaps that would be better. federal reserve policy can be subject to certain criticism. i do not hoknow how we would do this. there is disagreement on the way they have handled the recession, and that is fair. host:...
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1.0K
Feb 25, 2010
02/10
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HLN
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bernanke said yesterday that the job market remains weak even though the economy is recovering. there is some good economic news. everything from washing machines to airplanes jump 3d% in january and the second monthly increase in a row. >>> coca-cola is changing the way it does business. spending more than $12 million to buy the large bottler. from using independent bottlers to controlling the process. pepsi has recently moved in that direction, as well. >>> get this, a relative of burr nad madoff is changing her name. she is married to buernie's son mark. she filed court papers for herself and her two kids to drop the madoff name. she probably doesn't want that out there, robben . >> she just wants to leave the name alone. >> completely. she's still married. it's not that. it's just the name. >>> a teacher danceoff sounded like kind of a fun idea for a pep rally until it became a lap dance dance off. >>> one of the most taulked abot people at the olympics may be heading home. >>> if you're running late, you must not have signed up for my wake-up call yet. how does this work? f
bernanke said yesterday that the job market remains weak even though the economy is recovering. there is some good economic news. everything from washing machines to airplanes jump 3d% in january and the second monthly increase in a row. >>> coca-cola is changing the way it does business. spending more than $12 million to buy the large bottler. from using independent bottlers to controlling the process. pepsi has recently moved in that direction, as well. >>> get this, a...
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Feb 5, 2010
02/10
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according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a very important question. the proposals that the president articulated with respect to size and scope two weeks ago were ones that were based on a consensus recommendation of all of his economic team. so -- and i think you've heard secretary geithner and director summers speak to that quite directly. i think with respect to the regulators they are, of course, independent and i feel slightly less comfortable expressing their views. but i do think that in the main they are also supportive of this and we will work with them and obviously with this committee to try to move these ideas forward as an importan
according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a...
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Feb 15, 2010
02/10
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presidential historian, rice university history professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the
presidential historian, rice university history professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved,...